Business
BHP has warned that the China trade bans on its coal were likely to remain in place for “a number of years” while its iron ore division hit record production levels and the company said it was positioned for the coming global megatrends.
Business
Households should benefit from significant falls in electricity costs this year despite a major spike in usage caused by lockdowns and pandemic restrictions, according to the Australian Competition and Consumer Commission.
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Queensland’s LNG companies are producing at record levels to meet Asian export demand, forcing domestic gas to be imported from southern states, which has lifted wholesale prices in Brisbane.
ANZ has tipped house prices will jump by 17 per cent across the capital cities, almost double the bank’s previous forecast of 9 per cent, but warned the market was likely to overheat and force regulators to step in to curb lending.
The gas industry has been accused of stunning failures in market reform which has led to overseas buyers of Australian gas paying less than domestic users.
Renewable energy has flooded the Australian market but an analysis of how they were performing has shown a massive loss in generation capacity as solar farms switch off to avoid low pricing.
